Earlier this month, Target announced it would close all of its 133
stores in Canada, laying off the 17,600 employees north of the
border. Target's "employee trust" package for its Canadian workers, announced
last week, amounts to around $56 million, providing each worker with 16
weeks of pay.
The golden handshake "walk-away" package handed to ex-CEO Gregg
Steinhafel last May is in roughly the same ballpark at around $61
million, including severance of $15.9 million.
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